Indovation Renewables Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 4.87 Cr
- Company Age 32 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 6.30 M
- Satisfied Charges ₹ 6.00 M
- Revenue Growth 4.42%
- Profit Growth 49.57%
- Ebitda 33.74%
- Net Worth 0.28%
- Total Assets -12.93%
About Indovation Renewables
Indovation Renewables Limited (IRL) is a Public Limited Indian Non-Government Company incorporated in India on 30 December 1992 and has a history of 32 years and one month. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Maa Durga Solutions Limited. The Company is engaged in the Service Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 4.87 Cr.
The company currently has active open charges totaling ₹6.30 M. The company has closed loans amounting to ₹6.00 M, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Indovation Renewables Limited India is Manish Samineni as CFO. Kiran Thummalapalli, Namburu Satyavathi, Korada Srinivasarao, and One other member serve as directors at the Company.
Company Details
-
Location
Hyderabad, Telangana, India
-
Telephone
+91-XXXXXXXXXX
-
Email Address
-
Website
-
-
Social Media-
Corporate Identity Details
-
CIN/LLPIN
U40300TG1992PLC015189
-
Company No.
015189
-
Company Classification
Public Limited Indian Non-Government Company
-
Incorporation Date
30 Dec 1992
-
Date of AGM
13 Nov 2023
-
Date of Balance Sheet
31 Mar 2023
-
Listing Status
Unlisted
-
ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Indovation Renewables?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kiran Thummalapalli
|
Managing Director | 28-Mar-2018 | Current |
|
Manish Samineni
|
CFO | 01-Apr-2015 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ragasita Thummalapalli
|
Additional Director | 05-Apr-2018 | Current |
|
Namburu Satyavathi
|
Director | 14-Feb-2015 | Current |
|
Korada Srinivasarao
|
Director | 14-Feb-2015 | Current |
Financial Performance of Indovation Renewables.
Indovation Renewables Limited, for the financial year ended 2017, experienced modest growth in revenue, with a 4.42% increase. The company also saw a substantial improvement in profitability, with a 49.57% increase in profit. The company's net worth moved up by a moderate rise of 0.28%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
|
(FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
|
||||||
| Revenue from Operations |
|
||||||
| Total Assets |
|
||||||
| Profit or Loss |
|
||||||
| Net Worth |
|
||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Indovation Renewables?
In 2017, Indovation Renewables had a promoter holding of 27.11% and a public holding of 72.89%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
-
Biomorf Systems LimitedKorada Srinivasarao is a mutual person
-
Mudunuru LimitedKiran Thummalapalli and Ragasita Thummalapalli are mutual person
-
Mudunuru Dreams Private Limited
Kiran Thummalapalli is a mutual person
-
Mudunuru One Fintech Private LimitedKiran Thummalapalli is a mutual person
-
Mudunuru Easy Learning Guru Private Limited
Kiran Thummalapalli is a mutual person
-
Mudunuru Dreams Academy Private Limited
Kiran Thummalapalli is a mutual person
Charges (Loans)
₹0.63 Cr
₹0.60 Cr
Charges Breakdown by Lending Institutions
- The A.P. Mahesh Co. Operative Urban Bank Ltd. : 0.63 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Dec 1996 | The A.P. Mahesh Co. Operative Urban Bank Ltd. | ₹6.30 M | Open |
| 29 Nov 1995 | State Bank Of India | ₹6.00 M | Satisfied |
How Many Employees Work at Indovation Renewables?
Unlock and access historical data on people associated with Indovation Renewables, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Indovation Renewables, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Indovation Renewables's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
